9698.HK
Company Description
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services. It serves cloud service providers, large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. The company was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.43B | 10.32B | 9.96B | 9.33B | 7.82B | 5.74B | 4.12B | 2.79B | 1.62B | 1.06B | 703.64M | 468.34M |
| Net Income | 949.64M | 3.43B | (4.29B) | (1.27B) | (1.19B) | (669.21M) | (442.08M) | (430.27M) | (326.90M) | (276.41M) | (98.58M) | (130.00M) |
| EPS | 4.71 | -0.57 | -2.96 | -0.86 | -0.82 | -0.53 | -0.40 | -0.43 | -0.42 | -0.92 | -0.26 | -4.77 |
| Free Cash Flow | (1.21B) | (1.03B) | (4.19B) | (4.95B) | (8.50B) | (7.70B) | (4.26B) | (4.27B) | (1.93B) | (1.14B) | N/A | N/A |
| FCF / Share | -5.62 | -0.70 | -2.85 | -3.38 | -5.85 | -6.14 | -3.86 | -4.31 | -2.47 | -3.80 | N/A | N/A |
| Operating CF | 3.28B | 1.94B | 2.07B | 2.86B | 1.20B | 320.89M | 293.44M | (12.91M) | (174.61M) | (150.23M) | N/A | N/A |
| Total Assets | 80.03B | 73.65B | 74.45B | 74.81B | 71.63B | 57.26B | 31.49B | 20.89B | 13.14B | 8.20B | N/A | N/A |
| Total Debt | 47.54B | 44.46B | 47.99B | 44.68B | 37.79B | 24.63B | 16.95B | 12.79B | 6.65B | 4.29B | N/A | N/A |
| Cash & Equiv | 14.31B | 7.87B | 7.71B | 8.61B | 9.97B | 16.26B | 5.81B | 2.16B | 1.87B | 1.81B | N/A | N/A |
| Book Value | 26.85B | 23.54B | 19.96B | 24.07B | 24.47B | 25.57B | 10.29B | 5.52B | 4.48B | 2.99B | N/A | N/A |
| Return on Equity | 0.04 | 0.15 | -0.21 | -0.05 | -0.05 | -0.03 | -0.04 | -0.08 | -0.07 | -0.09 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.34B | 2.92B | 2.89B | 2.90B | 2.72B | 2.69B | 2.97B | 2.83B | 2.63B | 2.56B | 2.52B | 2.47B |
| Net Income | 2.62B | (467.05M) | 725.98M | (72.30M) | 763.02M | 4.19B | (192.34M) | (225.74M) | (345.83M) | (3.17B) | (421.18M) | (226.58M) |
| EPS | 1.67 | -2.47 | 0.46 | -0.06 | 0.49 | -1.02 | -0.14 | -0.16 | -0.24 | -2.15 | -0.29 | -0.15 |
| Free Cash Flow | (322.35M) | 62.92M | (685.33M) | (399.68M) | (229.26M) | 547.92M | (2.26B) | (1.51B) | (1.72B) | (368.61M) | (967.96M) | (680.57M) |
| FCF / Share | -0.21 | 0.46 | -0.38 | -0.27 | -0.15 | 0.13 | -1.53 | -1.02 | -1.17 | -0.25 | -0.66 | -0.46 |
| Operating CF | 447.69M | 978.07M | 736.50M | 865.12M | 780.07M | 929.31M | 641.51M | 454.24M | (124.97M) | 949.39M | 510.45M | 734.60M |
| Total Assets | 83.85B | 80.03B | 78.61B | 79.20B | 73.46B | 73.65B | 82.34B | 79.17B | 75.71B | 74.45B | 76.84B | 77.05B |
| Total Debt | 47.03B | 47.54B | 46.96B | 47.80B | 43.88B | 44.46B | 50.78B | 50.19B | 49.66B | 47.99B | 47.83B | 47.74B |
| Cash & Equiv | 14.77B | 14.31B | 13.44B | 13.12B | 7.58B | 7.87B | 9.41B | 9.91B | 7.64B | 7.71B | 7.52B | 8.18B |
| Book Value | 31.44B | 26.85B | 26.67B | 25.48B | 24.31B | 23.54B | 19.67B | 19.45B | 19.63B | 19.96B | 21.87B | 22.17B |
| Return on Equity | 0.08 | -0.02 | 0.03 | -0.00 | 0.03 | 0.18 | -0.01 | -0.01 | -0.02 | -0.16 | -0.02 | -0.01 |